CORPUS SIREO Real Estate has acquired a Germany-wide office portfolio for Swiss Life in an off-market transaction. The seller is an international investor. The parties agreed not to disclose the purchase price. The acquired portfolio comprises 11 office properties in the cities of Hanover, Essen, Düsseldorf, Neuss, Cologne, Mannheim, Oberursel, Neu-Isenburg and Frankfurt. The total space of the portfolio covers around 108,000 sqm. “We are delighted that one of our first portfolio acquisitions this year is such a significant share deal. In a highly competitive real estate market, off-market transactions are very rare,” says Bernhard Berg, CEO of CORPUS SIREO Real Estate.
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